Looking to diversify beyond FHATX? The mutual funds below have historically moved differently from FHATX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FHATX
0 mutual funds have low correlation with FHATX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, roughly unchanged from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.69 | 0.73 | 80 | Semiconductors, Technology Equities | FHATX vs FSELX | |
| Fidelity Mid Cap Index Fund | 0.81 | 0.82 | 0.86 | 54 | Mid Cap Blend Equities | FHATX vs FSMDX | |
| Fidelity Small Cap Index Fund | 0.83 | 0.81 | 0.83 | 76 | Small Cap Blend Equities | FHATX vs FSSNX | |
| Dimensional Retirement Income Fund | 0.84 | 0.86 | 0.83 | 82 | Target Retirement Date | FHATX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.87 | 0.83 | 0.77 | 54 | Target Retirement Date | FHATX vs DRIQX |
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